TikTok has established a joint venture in the U.S. called TikTok USDS, led by Adam Presser as CEO. The partnership aims to address national security concerns by implementing data protections and will operate under a board with a majority of American members. ByteDance retains a minority stake while the app's key algorithm will be managed in Oracle's data centers.

President Trump signed an executive order approving a deal that allows TikTok to continue operating in the U.S., requiring China-based ByteDance to sell its U.S. operations. The new arrangement involves a joint venture with major investors like Oracle and Silver Lake, while ByteDance retains a minority stake. The deal is subject to Chinese government approval and aims to address national security concerns.